Gold 4h Head & Shoulder Short at 182025

10 thg 7, 2021

Can you see that the trend is creating a head and shoulder formation in Gold's 4H movement? Yes it is and this is another very important indication of upcoming major sell-off trend, pulling the prices downwards and possibly breaching its major support at 1770 and then 1750 and ultimately cooling off below 1700. The upper major resistance is 1827, and a point where mass level gold shorts are expected.

This week, we may see major volatility in the metals.

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